135 Martin Ln - Warehouse FOR SALE


Elk Grove Village, IL 60007- Des Plaines/Arlington Hts Corridor
$1,300,000 USD
847-858-2909
135 Martin Ln, Elk Grove Village, IL for Sale
$1,300,000 USD
Warehouse - FOR SALE
1/26
null | Request Cap Rate

Jun '27


135 Martin Ln
Elk Grove Village, IL 60007
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Two-unit brick industrial, approx. 11,400 SF on 0.66 AC:
  • Unit B (approx. 4,200 SF, 131 Martin) vacant and available at closing; Unit A (approx. 7,200 SF, 135 Martin) leased to June 30, 2027 at $4,350/mo
  • Semi-truck dock plus 12' and 10' drive-in doors; approx. 14' clear; three-phase power (two 200-amp panels and a 100-amp tap in Unit B per panel labels
  • New furnace, coil and 4-ton condenser in Unit A (July 2026); 2007 TPO roof inspected 2025-26, graded fair; approx. 20 parking spaces plus a rear yard
  • I-1 Restricted Industrial: warehousing, manufacturing, assembly, wholesale, labs and offices by right
  • I-90 at Arlington Heights Rd 1.1 mi; I-290 2.7 mi; O'Hare cargo 6.8 mi; Higgins Rd 24,000-28,100 VPD (IDOT 2025)

OVERVIEW

135 Martin Lane is an approximately 11,400 SF one-story brick industrial building on 0.66 acre (28,750 SF) in Elk Grove Village, offered at $1,300,000. The building is divided into two units with separate entrances. Unit B (131 Martin Lane), approximately 4,200 SF with the semi-truck dock, is vacant and available at closing. Unit A (135 Martin Lane), approximately 7,200 SF, is leased to Tri-State Hydraulics, an Elk Grove Village hydraulic repair company established in 1973, through June 30, 2027 at $4,350 per month with no renewal options. A buyer can occupy 4,200 SF now and take the whole building in July 2027, occupy Unit B and keep the Unit A tenant, or lease both units. Unit B has a warehouse of approximately 34' x 88' with a 10' drive-in door at the rear, a semi-truck loading dock at the front, overhead warehouse heaters, a front office, a private office with a window into the warehouse, and two restrooms. Its service section carries three-phase power: two 200-amp three-phase panels and a 100-amp three-phase tap, per the panel labels. Unit A has a warehouse of approximately 59' x 88' with a 12' drive-in door, a foreman's office looking into the warehouse, a front office, private offices, a kitchenette, a mezzanine, and office and warehouse restrooms; its furnace, evaporator coil and 4-ton rooftop condenser were replaced in July 2026. Approximately 14' clear. The roof is a mechanically attached TPO system installed in 2007 (GAF EverGuard, 110 squares), inspected in 2025-26 and graded fair. Paved parking for approximately 20 cars in front and a paved yard at the rear of the 250' deep lot. Not in a TIF district and not in a FEMA flood zone (Cook County parcel data). The Unit A lease is modified gross: the tenant pays its own utilities, routine maintenance, lawn care and snow, and reimburses real estate taxes above a $2.50 per square foot base on 7,200 SF; the landlord holds the roof, structure and capital HVAC. There is no guaranty. The executed 2018 lease and its 2024 extension are available for review. Zoning is I-1 Restricted Industrial District, Village of Elk Grove Village, where warehousing, wholesale sales, light assembly, limited and general manufacturing, clean manufacturing, precision engineering, laboratories, research laboratories, data centers, ambulance services and professional offices are permitted by right. Equipment sales and rental, vehicle and truck repair, outdoor storage and trade schools are conditional uses without a public hearing; indoor retail sales, medical and dental clinics, truck terminals and mini-warehouse are special uses. Buyer to verify its intended use with the Village. Martin Lane sits in the industrial pocket between Higgins Road (IL 72, 24,000 to 28,100 vehicles per day, IDOT 2025) and the Jane Addams Tollway. I-90 at Arlington Heights Road is 1.1 miles, I-90 at Elmhurst Road 2.5 miles, I-290 at Higgins Road 2.7 miles, IL-390 at Busse Road 3.8 miles, O'Hare's cargo area 6.8 miles, I-294 at Touhy 6.6 miles and downtown Chicago about 23 miles. The Elk Grove Technology Park (three buildings, 402,608 SF) is a third of a mile away, and the Elk Grove Business Park, the largest industrial park in North America at 3,800 acres and 62 million SF, surrounds it. Half a mile west on Higgins Road, the Village approved a $1 billion, 150-megawatt Prime Data Centers campus of three buildings totaling more than 750,000 SF (Village of Elk Grove Village). Elk Grove Village holds 53,112 jobs inside village limits, 47.6% of them industrial (U.S. Census Bureau, LEHD LODES 2023). At $1,300,000 the price is $114 per square foot of building and $45 per square foot of land. Square footage (11,400 SF including the dock area; the Cook County Assessor carries 10,910 SF), lot size, ceiling height, electrical service, parking count and all lease and tax figures are drawn from the executed lease, the 2025 Cook County tax bill, the Cook County Assessor record and seller-provided information, and must be independently verified by buyer in due diligence. Video: https://youtu.be/jleViAC4nuM Jason Bitton, JasonCRE (847) 858-2909 Jason@JasonCRE.com Licensed Real Estate Broker, Illinois - 475170841

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Auto Repair, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.66

LAND SF

28,750

ZONING

I-1

APN/PARCEL ID

08-22-301-038-0000

ASK ABOUT THIS PROPERTY

Jason BittonRE/MAX CommercialMore Info
847-858-2909

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Jason BittonRE/MAX CommercialMore Info
847-858-2909

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.